+
LOGOS & Ivanhoe Cambridge acquire Pune land for mega Logistics Park
Real Estate

LOGOS & Ivanhoe Cambridge acquire Pune land for mega Logistics Park

LOGOS, a major logistics real estate company in the Asia Pacific region, has joined forces with venture partner Ivanhoe Cambridge to acquire a 77-acre industrial land parcel in the Chakan industrial area of Pune. The purpose of this acquisition is to develop a large-scale logistics park, with the potential to create over 2.2 million square feet of development.

Under the logistics venture between LOGOS India and Ivanhoe Cambridge, known as the LOGOS India-Ivanhoe Cambridge logistics venture, the partners will acquire LOGOS Chakan Logistics Estate and invest Rs 6.5 billion into the project. Trent Iliffe, the managing director of LOGOS, confirmed the investment and emphasised the Chakan site's significance, noting its status as one of the largest industrial zoned lands in the area. With its excellent connectivity to key transportation infrastructure, including the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the estate is well-positioned to meet the growing demand from various sectors such as e-vehicles, auto ancillary, and electronics, which are seeking top-quality industrial facilities.

The development will be carefully planned with a focus on sustainability, featuring Grade A industrial and logistics buildings. The strategic location of the site offers convenient access to the Pune region from Mumbai's port and other essential infrastructure, making it an attractive destination for warehousing purposes, including industrial, e-commerce, and third-party logistics (3PL) customers.

Mehul Shah, the CEO of LOGOS India, expressed confidence in meeting the demand for world-class sustainable infrastructure in the area through this development, highlighting the strong interest from customers. This acquisition marks LOGOS' fifth real estate deal in India, with ongoing projects in Delhi, Chennai, and Bengaluru. It is a significant addition to their portfolio of modern logistics properties in the country.

The project is scheduled to commence in August and will be developed in two phases over a period of three years. The land parcel is situated in the MIDC Industrial and Logistics site within the Chakan Industrial area, which is known as one of Asia's largest industrial hubs, accommodating over 1,000 manufacturing enterprises specialising in electronics, engineering, automobiles, and e-vehicles.

LOGOS and Ivanhoe Cambridge are committed to sustainability, and this project will incorporate leading environmental initiatives. These initiatives include a minimum of seven acres of Miyawaki forest plantation, solar power generation, ground water recharge, and distribution to warehouses and common infrastructure.

LOGOS currently operates four logistics parks across Bengaluru, Chennai, and the National Capital Region (NCR), with a combined gross leasable area of 5.7 million square feet. Out of this, 4.8 million square feet is already leased. The company has invested approximately Rs 17 billion for the development of these properties.

India's favourable regulatory environment and government support through policies and reforms have boosted infrastructure spending, resulting in increased demand for modern warehousing. A recent study has shown a sustained rise in demand, driven by growing manufacturing investments, the expansion of e-commerce, and the growth of 3PL companies following the Covid-19 outbreak. This has led to higher warehousing rentals across India's key logistics property markets, positioning cities like Mumbai, Bengaluru, and the NCR among the top-10 logistics markets in the Asia Pacific region based on their performance in 2022 and the robust outlook for 2023.

Also Read
Arihant Superstructures' net profit falls drastically in Q4 FY2
Inauguration of 210 affordable homes in Kamalanagar


LOGOS, a major logistics real estate company in the Asia Pacific region, has joined forces with venture partner Ivanhoe Cambridge to acquire a 77-acre industrial land parcel in the Chakan industrial area of Pune. The purpose of this acquisition is to develop a large-scale logistics park, with the potential to create over 2.2 million square feet of development. Under the logistics venture between LOGOS India and Ivanhoe Cambridge, known as the LOGOS India-Ivanhoe Cambridge logistics venture, the partners will acquire LOGOS Chakan Logistics Estate and invest Rs 6.5 billion into the project. Trent Iliffe, the managing director of LOGOS, confirmed the investment and emphasised the Chakan site's significance, noting its status as one of the largest industrial zoned lands in the area. With its excellent connectivity to key transportation infrastructure, including the Mumbai-Pune Expressway and Mumbai-Bangalore NH 48, the estate is well-positioned to meet the growing demand from various sectors such as e-vehicles, auto ancillary, and electronics, which are seeking top-quality industrial facilities. The development will be carefully planned with a focus on sustainability, featuring Grade A industrial and logistics buildings. The strategic location of the site offers convenient access to the Pune region from Mumbai's port and other essential infrastructure, making it an attractive destination for warehousing purposes, including industrial, e-commerce, and third-party logistics (3PL) customers. Mehul Shah, the CEO of LOGOS India, expressed confidence in meeting the demand for world-class sustainable infrastructure in the area through this development, highlighting the strong interest from customers. This acquisition marks LOGOS' fifth real estate deal in India, with ongoing projects in Delhi, Chennai, and Bengaluru. It is a significant addition to their portfolio of modern logistics properties in the country. The project is scheduled to commence in August and will be developed in two phases over a period of three years. The land parcel is situated in the MIDC Industrial and Logistics site within the Chakan Industrial area, which is known as one of Asia's largest industrial hubs, accommodating over 1,000 manufacturing enterprises specialising in electronics, engineering, automobiles, and e-vehicles. LOGOS and Ivanhoe Cambridge are committed to sustainability, and this project will incorporate leading environmental initiatives. These initiatives include a minimum of seven acres of Miyawaki forest plantation, solar power generation, ground water recharge, and distribution to warehouses and common infrastructure. LOGOS currently operates four logistics parks across Bengaluru, Chennai, and the National Capital Region (NCR), with a combined gross leasable area of 5.7 million square feet. Out of this, 4.8 million square feet is already leased. The company has invested approximately Rs 17 billion for the development of these properties. India's favourable regulatory environment and government support through policies and reforms have boosted infrastructure spending, resulting in increased demand for modern warehousing. A recent study has shown a sustained rise in demand, driven by growing manufacturing investments, the expansion of e-commerce, and the growth of 3PL companies following the Covid-19 outbreak. This has led to higher warehousing rentals across India's key logistics property markets, positioning cities like Mumbai, Bengaluru, and the NCR among the top-10 logistics markets in the Asia Pacific region based on their performance in 2022 and the robust outlook for 2023. Also Read Arihant Superstructures' net profit falls drastically in Q4 FY2Inauguration of 210 affordable homes in Kamalanagar

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code